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NVIDIA's market cap has evaporated to the largest scale in US stock history, falling to third globally, while Apple stands proudly among the "Seven Sisters."
NVIDIA fell nearly 17% on Monday, closing at $118.42, with a single-day Market Cap loss of $589 billion, the largest in U.S. stock market history. Jensen Huang lost $20.1 billion in wealth in one day. NVIDIA stated that DeepSeek represents an outstanding advancement in AI, with the inference or running of AI models requiring substantial NVIDIA GPU and high-performance network support.
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